Bank of America has revised its forecast for the Bank of Japan to raise interest rates in January, or this week, from March. The bank now expects the BoJ to raise interest rates by 25 basis points to 0.50 per cent at its policy meeting this Friday. A rate rise in March had previously been BofA's preferred forecast because it gave the BoJ more time to assess the policies of the new US administration. However, strong price data and the possibility that the BoJ board will need to revise its inflati...
On December 25th, the 13th meeting of the Standing Committee of the 14th National People's Congress voted on December 25th to pass the newly revised Science and Technology Popularization Law, which will come into effect from the date of promulgation. It stipulates that September every year is the National Science Popularization Month. The newly revised Science and Technology Popularization Law is expanded to 8 chapters and 60 articles, focusing on outstanding issues in the development of science...
On December 3rd, CITIC Securities Research Report said that as of 24M10, the balance of M1 under the original rules was 63.34 trillion yuan, with a year-on-year growth rate of -6.10%; according to our calculations, if residents' demand deposits and third-party payment institutions' customer reserves are included, 24M10 "adjusted M1 balance" is 105 trillion yuan, with a year-on-year growth rate of -2.3%; "Adjusted M1 growth rate" The absolute value is always higher than the M1 growth rate under t...
On November 29th, the official website of the Shanghai Municipal Transportation Commission released the "Regulations on the Administration of the Auction of Non-commercial Passenger Car Quotas in Shanghai" (revised draft) and solicited public comments on the content of the revised draft. The consultation period is from November 29, 2024 to December 6, 2024. It is mentioned that at present, the non-commercial passenger car quota can be applied to fuel vehicles, extended-range electric vehicles an...
On November 25th, Xu Ronghua, director of the Statistical Design Management Department of the National Bureau of Statistics, said in the article "Serving the High-quality Development of the Economy and Society and Continuously Improving the Scientific Nature of Statistical Work" in the third series of "New Revision of the Statistics Law" that in the near future, it is necessary to compare the United Nations "International Industrial Standard Classification of All Economic Activities" revision, a...
CryptoBlox Technologies announced that it has signed a binding amended and restated share purchase agreement to acquire 100% of the shares of Blockchain Fintech Unipessoal LD A, a blockchain fintech based in Portugal, under which CryptoBlox will issue 25,000,000 shares of CryptoBlox common stock at a deemed price of $0.20 per share, valued at $5 million, subject to customary closing conditions, including approval by the Canadian Stock Exchange and due diligence requirements in Hong Kong.
On November 1st, the Ministry of Commerce, the China Securities Supervision Commission, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration of Taxation, the State Administration of Market Regulation, and the State Administration of Foreign Exchange revised and issued the "Measures for the Administration of Strategic Investment by Foreign Investors in Listed Companies". The revised "Measures" facilitate foreign investors' strategic inves...
OPEC Monthly Report: Upgrade the forecast for U.S. economic growth in 2024 from 2.4% to 2.5%.
On September 23rd, according to foreign media reports, the European Union crop monitoring service agency MARS lowered the average yield forecast of European Union corn in 2024 to 6.84 tons/ha, and the forecast in August was 7.03 tons/ha; raised the yield forecast of sugar beet to 74.7 tons per hectare, and the forecast in August was 73.4 tons/ha; lowered the spring barley yield forecast to 4.40 tons per hectare, and the forecast in August was 4.43 tons/ha.
The Securities Supervision Commission revised and promulgated the Provisions on the Calculation Standards of Risk Control Indicators of Securities Companies, which came into force on January 1, 2025.
CoinMarketCap posted on X that it experienced a brief data revision failure yesterday, resulting in the loss of some data points. CoinMarketCap has identified and resolved the issue, including correcting the affected ATL/ATH data. To prevent similar issues in the future, it has taken additional measures.
Gold Ten Futures, August 26th, according to foreign media reports, the European Union crop monitoring service agency MARS will European Union corn average yield forecast to 7.03 tons/ha, July forecast of 7.24 tons/ha, due to the impact of hot weather in Southeast Europe; wheat average yield forecast from 5.87 tons/ha to 5.68 tons/ha; rapeseed yield forecast from 3.10 tons/ha to 3.07 tons/ha; and yield forecast from 5.09 tons/ha to 5.01 tons/ha.
Federal Reserve's Bostic: The non-farm payrolls revision data released this week did not change much for me and did not significantly change my view on the job market.
According to Politico, the U.S. Labor Department's preliminary benchmark revision data shows that non-farm payrolls may decrease by 818,000 in the 12 months to March. The new data could affect how Federal Reserve Chairperson Jerome Powell handles the upcoming September 9...
The website of the US Bureau of Labor Statistics originally scheduled to release the revised preliminary annual benchmark value of total non-farm payrolls in March 2024 has not been updated yet.